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Topic: Overcoming my fear of bitcoin and online businesses - page 2. (Read 605 times)

legendary
Activity: 2716
Merit: 1225
Once a man, twice a child!
I wonder what can be done to track this scammers and give them justice for their wicked deeds?
This industry is not regulated yet and it's a bit hard tracking scam projects, especially if team members are anonymous (which most of them are). In the past, I also invested in projects like that at ICOs. Ignorant is bliss like they say. A greater number of them rugpulled on investors and disappeared into thin air.

By the way OP, you've to merge your posts by editing the ones above my comment so you don't double post. It's against forum rule to double post.

* For clarity – to double post means to post more than once in a roll without having another user(s) in between your posts before you post again.
sr. member
Activity: 560
Merit: 326
Ponzi schemes in online businesses spread the fear of losing to most people who got scammed by them. Even I spend a period where I was scared of online investment and business but I overcome my fear, and now I am doing good. It is not bad to fear but also you have to open your mind to learn more about the opportunities around you. Do your own research about the project before stepping into that business.

After the emergence of the crypto industry, there are lots of scammers who also used the opportunity to scam people with bitcoins and other altcoins as their props to fool people. in our city alone, lots of businessmen have fallen into this kind of Ponzi Scheme and the strange thing about it is when they're gone and create a similar scheme, they always get some investors again. This is one of the reasons why you need to equip yourself with some knowledge before getting into some kind of investment especially when money is involved these people always get themselves into these scams and are not only putting themselves in trouble but also innocent people they recruited into the Ponzi scheme.

People like me have been afraid of inline businesses, because of this ponzi schemes. I used to ignorantly think that every online investments runs like ponzi, until I got enlightened about bitcoin and it's strong walls against any sort of scams. Many people are still in that mindset of fear about anything online business, especially those that have been scanned before. I wonder what can be done to track this scammers and give them justice for their wicked deeds?
legendary
Activity: 1596
Merit: 1288
It's good to see that you decided to learn, but there is no difference between online trading and regular trade, both of them need intelligence and experience, and on the contrary, online trading is more difficult because competition from all over the world and customer evaluation is very important.
Bitcoin is a digital currency that aids in digital trade, but both are completely different and not entirely interrelated. Thus, you use bitcoin to settle your transactions and as an investment.

  • To settle transactions you need to use btcpayserver.
  • Investing in Bitcoin means that you believe that it has a future value that can increase, and then either you will buy at the bottom or follow DCA strategy.
hero member
Activity: 798
Merit: 1045
Goodnight, ohh Leo!!! 🦅
Fear is man's worst experience,.  Most especially when embedded by unconsciousness and confusion. I can't say I won't be scared of something I haven't done before but I'm not also gonna start feeling it as a losing game already without even exercising some time to hear on the affirmative.
Secondly, ion really like getting indulged in online businesses..; I'm not even seeing Bitcoin as one - it's way more different anyways...I use to imagine having the beginners of this legendary coin, reasoning the same way them newbies do today??

Sandra 🧑‍🦰
sr. member
Activity: 560
Merit: 326

1 : The first is I don't have to continue in the shadow of my fear and continue to run away from it. Fear is in the mind and no where else. I have to confront my mind to tackle this. As I'm doing this I also encourage anyone having fear of anything to confront it.

Many people should have been in cryptocurrency industry as earlier than they were now and they should have be great Bitcoin investors but do to the fear they have created in their minds never never give them the earlier opportunities.but what do surprise me with people is that they easily believe in some people comments without further research either what they saying is positive or negative. and that are what easily make us lose early opportunities or even lead us to the wrong directions.let always try to do our own research in time so we can know the next steps to carry, so we can get good opportunity early.infact many loses money to ponzi schemes because they only listen to people thought without doing  their own research.

2: The second is that I get confused when people around me talked about Bitcoin. I envy them because I see them as intelligent and want to be like them. I also want to be seen as someone who is intelligent and can contribute my views to discussions.

Before you can learn more about Bitcoin and cryptocurrencies in general, you don't need to be envious of anyone.If you wish to feel jealous of others who are more knowledgeable than you are, you will be upset and unlikely to ever take the right steps toward learning.understanding about Bitcoin should be a steady process rather than something you should rush because it may include your money if you later decide to trade or invest, and it could result in lost of your money if you miss out understanding some important steps.

3: Thirdly I want to learn how to trade Bitcoin and also get into other online investments.
You are free to learn trading and I believe a lot of members are here to provide you with guidelines.learning trading is great idea because when you know how to trade it will  serve as a good opportunity in earning more profits in crypto industry.

Your paragraphs focuses on carrying out research before entering bitcoin, so you don't loose your money. I also underground that a new person to bitcoin, don't need to rush into it, as you have mentioned, so he doesn't loose his money. This is the more reason why I'm glad that I'm in this bitcoin forum. Members have generously given me links to learn about bitcoin and also places to purchase books to enlighten me more about bitcoin. The confidence of members about bitcoin is the best encouragement that I'm getting.
sr. member
Activity: 602
Merit: 442
I buy all valid country Gift cards swiftly.

My observation so far in the few weeks that I have spent in bitcointalk, I have noticed that there is willingness by senior members to give directions and corrections to newbies who seek it. I hope to be teaching newbies too one day. Any more advice by members on how to increase my confidence level and learning will be humbly received by me.
Great observation  and just incase your friend who sent you the link never mentioned that the forum was formed and created by the original founder of bitcoin  himself and as such, most of the information  you get here should be most genuine but I also want to let you know that bad advise can also be gotten from the forum and you should always filter infir.atikms you get from forum and should always remember  that safety of your assets when you first ally start hodling is paramount.

I admire the fact that you decided  to learn first rather than just jumping into the market and this decision will help you make the right decisions  when you finally come fully into the industry.

I want to encourage  to stay steadfast in the journey  and don't let anything hold you back as this is a journey that if well followed, we'll  all smile at the end.
hero member
Activity: 770
Merit: 538
Leading Crypto Sports Betting & Casino Platform
I continued to have that fear until a few months ago when someone sent me the link to this Bitcointalk place, that I decided to try it out. I concluded that it is time for me to put my fear of online investments on hold to see if I can have a better understanding of it and bitcoin. In this few weeks that I have joined this forum it has been a very big eye opener for me. As someone new in this I know I have much to learn, before I start investing, so I don't make mistakes. Although so many things sound strange and confusing to me. And I hope to quicken my process of learning soon enough to start investing and trading like others here. Overcoming that fear of online investments, especially bitcoin is what I'm tackling right now and it is a wonderful experience for me so far. I am learning new things every time I come here and it is a new type of experience for me.

Here are some of the things that moved my decision to finally consider studying bitcoin now.

Number 1 : The first is I don't have to continue in the shadow of my fear and continue to run away from it. Fear is in the mind and no where else. I have to confront my mind to tackle this. As I'm doing this I also encourage anyone having fear of anything to confront it.

2: The second is that I get confused when people around me talked about Bitcoin. I envy them because I see them as intelligent and want to be like them. I also want to be seen as someone who is intelligent and can contribute my views to discussions.

3: Thirdly I want to learn how to trade Bitcoin and also get into other online investments.

My observation so far in the few weeks that I have spent in bitcointalk, I have noticed that there is willingness by senior members to give directions and corrections to newbies who seek it. I hope to be teaching newbies too one day. Any more advice by members on how to increase my confidence level and learning will be humbly received by me.

Well, it's good you have to overcome your fear to learn and understand the need for online business and Bitcoin technology. Also, you are in the right community where you can obtain good knowledge and guidance about Bitcoin technology and anything that is cryptocurrency-related, including trading.

But you should know that generally, trading is risky because you will need more time to learn how to trade, you will undergo training for some months with a demo account, and even when you start trading with a real account, you can still encounter losses because the crypto market is very dynamic, and no matter what trading tools you are using or what your best strategy is, you will sure face some losses. But if you are just holding your bitcoin, it will be safer for you because you will only have to hold it until the market becomes bullish, then you can sell and take profit. Since you said you want to learn to trade Bitcoin, it's your choice anyway; I'm just trying to let you know there's some risk involved. I still find this article so educational about bitcoin. You can read it if you want to build your knowledge about Bitcoin, because to be able to help other newbies in the forum, just as you have said, you must know about Bitcoin. You can also learn about some forum guidelines for newbies and the rules and history of the forum, which have been mentioned to you before.

See you around.
sr. member
Activity: 798
Merit: 353
~

I remember a colleague of mine when I used to work before I ventured into business, he used to do forex trading then, he will always encourage me to learn the trade, but I always told him no. Some few years back, I started to look for a new business and some friends began to tell me about bitcoin. I was very skeptical then saying that even if bitcoin is genuine that it's probably one of those online businesses that you will invest all of your money and in an instant you will lose everything.

~
Having a fear of something new, I think it's very natural. Because it's not only bitcoin, someone can experience fear and worry when they are about to start for the first time. In the world of work, business, and other activities, it often brings fear and worry when trying for the first time. So those of you who were initially afraid and didn't believe in online investments like bitcoin, that's normal. So now that you can be friends with that fear, I think that's a good thing. Because you can get rid of your skepticism about bitcoin.

And actually, the fear that you experience about bitcoin / online investment, is caused by your lack of deep knowledge of this field. Because what I know and have experienced, the online world, like investing in bitcoin, is actually not much different from what is in the real world. If you look at it from the negative side, in the online world too, of course there are people who intend to cheat, as well as in the real world (not online), there are always people who intend to cheat or cheat. So you don't need to be too afraid to enter the world of bitcoin investment, because the most important thing is that you really have to learn the knowledge from the basics to the end.
legendary
Activity: 2716
Merit: 1225
Once a man, twice a child!
Your first choice is stepping out to confront that fear which eclipsed you in the past. That you've successfully done. The second part is to realize that those who quit don't win and those who later won never quit. Now that you're here, you should embrace learning like it will go out of fashion in the next minute. Read and learn to develop and resolve whatever nagging questions you think you've. Ask questions where necessary and don't be shy to do so. Before long you will also begin to sound high like those you envied before now. The last, and the most important, be vigilant while you're online. Even on this forum, be vigilant. Anyone who sends you a private chat or link or talks to you about business in private is obviously a scammer. Be warned.
hero member
Activity: 2268
Merit: 588
You own the pen
Ponzi schemes in online businesses spread the fear of losing to most people who got scammed by them. Even I spend a period where I was scared of online investment and business but I overcome my fear, and now I am doing good. It is not bad to fear but also you have to open your mind to learn more about the opportunities around you. Do your own research about the project before stepping into that business.

After the emergence of the crypto industry, there are lots of scammers who also used the opportunity to scam people with bitcoins and other altcoins as their props to fool people. in our city alone, lots of businessmen have fallen into this kind of Ponzi Scheme and the strange thing about it is when they're gone and create a similar scheme, they always get some investors again. This is one of the reasons why you need to equip yourself with some knowledge before getting into some kind of investment especially when money is involved these people always get themselves into these scams and are not only putting themselves in trouble but also innocent people they recruited into the Ponzi scheme.
hero member
Activity: 840
Merit: 570

1 : The first is I don't have to continue in the shadow of my fear and continue to run away from it. Fear is in the mind and no where else. I have to confront my mind to tackle this. As I'm doing this I also encourage anyone having fear of anything to confront it.

Many people should have been in cryptocurrency industry as earlier than they were now and they should have be great Bitcoin investors but do to the fear they have created in their minds never never give them the earlier opportunities.but what do surprise me with people is that they easily believe in some people comments without further research either what they saying is positive or negative. and that are what easily make us lose early opportunities or even lead us to the wrong directions.let always try to do our own research in time so we can know the next steps to carry, so we can get good opportunity early.infact many loses money to ponzi schemes because they only listen to people thought without doing  their own research.

2: The second is that I get confused when people around me talked about Bitcoin. I envy them because I see them as intelligent and want to be like them. I also want to be seen as someone who is intelligent and can contribute my views to discussions.

Before you can learn more about Bitcoin and cryptocurrencies in general, you don't need to be envious of anyone.If you wish to feel jealous of others who are more knowledgeable than you are, you will be upset and unlikely to ever take the right steps toward learning.understanding about Bitcoin should be a steady process rather than something you should rush because it may include your money if you later decide to trade or invest, and it could result in lost of your money if you miss out understanding some important steps.

3: Thirdly I want to learn how to trade Bitcoin and also get into other online investments.
You are free to learn trading and I believe a lot of members are here to provide you with guidelines.learning trading is great idea because when you know how to trade it will  serve as a good opportunity in earning more profits in crypto industry.
full member
Activity: 434
Merit: 141
Hire Bitcointalk Camp. Manager @ r7promotions.com
As an owner of a small business that accepts bitcoin, a biggest fear is transaction fee.

Because your business is small, you will not be able to run marketing to cover transaction fee or partially cashback for your customers. They will have to move bitcoin and pay transaction fee for payment to buy your products or use your services.

You will have to move bitcoin that is received from your customers too. Because with small budget, you will have a shorter cycle of your financial budget. It will cost you transaction fee and you don't have long time to hold your bitcoin or wait for time with cheap transaction fee.
legendary
Activity: 2254
Merit: 1377
Fully Regulated Crypto Casino
My observation so far in the few weeks that I have spent in bitcointalk, I have noticed that there is willingness by senior members to give directions and corrections to newbies who seek it. I hope to be teaching newbies too one day. Any more advice by members on how to increase my confidence level and learning will be humbly received by me.
That was a nice shared experience by you. Yes there are plenty of people who can guide you here to understand more bitcoin and other widen scope of cryptocurrency. Dont skip the learning method as it will be useful to you when you become more affiliaite or expose to bitcoin. Confidence is something we have on our self but you are right there we only need to be normal when we teach others. Dont so overconfident about some topics cause someone might have known the real answer.
sr. member
Activity: 854
Merit: 327
Hire Bitcointalk Camp. Manager @ r7promotions.com
Number 1 : The first is I don't have to continue in the shadow of my fear and continue to run away from it. Fear is in the mind and no where else. I have to confront my mind to tackle this. As I'm doing this I also encourage anyone having fear of anything to confront it.
As a human, we have to be open to changes and try to keep up with them as they happen. Holding on to one believe or pattern and thinking nothing better will come, can make you stagnant in growth and knowledge.

2: The second is that I get confused when people around me talked about Bitcoin. I envy them because I see them as intelligent and want to be like them. I also want to be seen as someone who is intelligent and can contribute my views to discussions.
Anyone that knows something you do not know is a step ahead of you and you can easily get intimidated around them whenever they speak. To me, this is a good reason to want to know what Bitcoin really is, surprisingly you will get to discover that after you have a good understanding of what Bitcoin is and then you have a talk with some of these persons, you will notice that they do not really know about bitcoins the way you thought they did.
full member
Activity: 952
Merit: 232
I had this same kind of fear sometime back, until I saw people around me making profits from trading and being that I understand what the business of buying and selling is, I would conclude that they made more profit than loss as they ventured further and gained new tools and experience.
This led me here, where I have tried and I know I have grown in the aspect of joining discussions I understand and trying to understand the more ambiguous topics being discussed too.
It has been really insightful for me and I know you will get a hang of it sooner than you think.
One way I did overcome my fear was by picking out new terms I found confusing and researching them. This opened my mind to the various concept, technicality and strategy of investment or trade or innovation that is ongoing and I better understand the market in that if I decide to begin my trading journey today, I wouldn't be scared to face the risk.
sr. member
Activity: 686
Merit: 332
Your fears are valid. There are a lot of online scams on the internet, but I'm so happy for you. You have decided to move past those fears. That was the first step. It's okay to have fears, but it's allowing those fears control your life and limit you that's the problem.

Don't rush the learning process. Take your time, take it easy. Learning is a continuous process, it has no end. Even the most knowledgeable people here still have room to learn.
The good thing about the forum is people are always open to to give you guidance. This is the only ranking system I've seen where the rank does not determine how people are treated or respected.

One thing I'm sure you already know is that Bitcoin is not a get rich quick scheme. Only ponzi and other scam investment offer a get rich quick scheme. So just keep doing what you're doing and keep learning. I can only speak for myself and I know how much I've learnt about Bitcoin from this forum.
You can join the forum as someone who knows nothing about Bitcoin and with the right mind you'll begin to learn things daily.

Also try to carry out research. If you see things you don't understand, research about it. You can ask the forum for more clarity on the subject, but it should be in the proper boards.
full member
Activity: 756
Merit: 133
- hello doctor who box
Ponzi schemes in online businesses spread the fear of losing to most people who got scammed by them. Even I spend a period where I was scared of online investment and business but I overcome my fear, and now I am doing good. It is not bad to fear but also you have to open your mind to learn more about the opportunities around you. Do your own research about the project before stepping into that business.
legendary
Activity: 1554
Merit: 1139
I remember a colleague of mine when I used to work before I ventured into business, he used to do forex trading then, he will always encourage me to learn the trade, but I always told him no. Some few years back, I started to look for a new business and some friends began to tell me about bitcoin. I was very skeptical then saying that even if bitcoin is genuine that it's probably one of those online businesses that you will invest all of your money and in an instant you will lose everything.

I continued to have that fear until a few months ago when someone sent me the link to this Bitcointalk place, that I decided to try it out. I concluded that it is time for me to put my fear of online investments on hold to see if I can have a better understanding of it and bitcoin. In this few weeks that I have joined this forum it has been a very big eye opener for me. As someone new in this I know I have much to learn, before I start investing, so I don't make mistakes. Although so many things sound strange and confusing to me. And I hope to quicken my process of learning soon enough to start investing and trading like others here. Overcoming that fear of online investments, especially bitcoin is what I'm tackling right now and it is a wonderful experience for me so far. I am learning new things every time I come here and it is a new type of experience for me.
Well just that you know, Ponzi schemes are very real. Your fears of having these ponzi schemes get the best of you have been all that have kept you safe all the while. You could just as well not lose that fear or rather, learn to identify what it is that makes a project a ponzi scheme. Some of its basic features is that, they are referral based and operates a pyramidal scheme.

May I remind you although, I feel you already get the picture, the forum isn't some online business but, somewhere you come to learn about cryptocurrency. These you can apply where related and maybe get what you seek out of the knowledge you've acquired.
legendary
Activity: 2492
Merit: 1232
Truly as you have noted, no one was born with the knowledge of bitcoin, everybody acquired it. When you have certified yourself that it is a genuine business and not a scam, you then need to develop a passion and commitment for trading bitcoin, without fear, to diligently learn it very well, in order to minimize loses and maximize profits.
That's good to hear, the willingness will push you to be knowledgeable enough on Bitcoin stuff.
If you're interested in trading Bitcoin and exploring other online investments, take the initiative to educate yourself.  You can start by researching reputable sources that provide information on trading strategies (dropped below), risk management, and market analysis.  Consider joining online forums or communities dedicated to cryptocurrency trading, where you can learn from experienced traders, because IMO, learning takes time and practice, so be patient and persistent.

Here are useful links for you to search furthermore aside from this forum.
sr. member
Activity: 560
Merit: 326
Until recently, and before knowing this place I always thought that anything trading or business online is a fraud. I always see them as ponzi and that one day they will make enough money from the people and shutdown, defrauding many people of their hard earned money.
I know due to the high level of internet scams and Ponzi-related scheme scams, it's natural for people to lose interest in anything online, but the truth of the fact is that there are lots of legit ways of making money online that people don't talk about but rather prioritize investment schemes who promises to offer x reward of investment after few days which always crashes. Because businesses such as affiliate marketing, social media marketing, blogging, and data analysis are all online-related jobs and yet pay well.

Quote
2: The second is that I get confused when people around me talked about Bitcoin. I envy them because I see them as intelligent and want to be like them. I also want to be seen as someone who is intelligent and can contribute my views to discussions.
First of all, I will like to inform you that no one was born with the knowledge of Bitcoin, we all got to know all that through learning, personal research and forum engagement, which likewise you too can achieve the same only if you could be diligent enough to learn without hurry how Bitcoin and the forum works.

Truly as you have noted, no one was born with the knowledge of bitcoin, everybody acquired it. When you have certified yourself that it is a genuine business and not a scam, you then need to develop a passion and commitment for trading bitcoin, without fear, to diligently learn it very well, in order to minimize loses and maximize profits.
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